The Williams Companies, Inc. (NYSE:WMB) Holdings Trimmed by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC cut its holdings in The Williams Companies, Inc. (NYSE:WMB) by 19.8% during the 4th quarter, Holdings Channel.com reports. The fund owned 9,245 shares of the pipeline company’s stock after selling 2,280 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Williams Companies were worth $500,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Pinnacle Associates Ltd. raised its holdings in shares of Williams Companies by 36.4% in the 3rd quarter. Pinnacle Associates Ltd. now owns 10,727 shares of the pipeline company’s stock worth $490,000 after purchasing an additional 2,865 shares in the last quarter. Farther Finance Advisors LLC grew its position in Williams Companies by 6.8% in the third quarter. Farther Finance Advisors LLC now owns 19,896 shares of the pipeline company’s stock worth $908,000 after buying an additional 1,263 shares during the last quarter. Carmichael Hill & Associates Inc. increased its holdings in shares of Williams Companies by 35.3% in the third quarter. Carmichael Hill & Associates Inc. now owns 1,150 shares of the pipeline company’s stock valued at $52,000 after buying an additional 300 shares in the last quarter. Van ECK Associates Corp lifted its position in shares of Williams Companies by 5.6% during the 3rd quarter. Van ECK Associates Corp now owns 404,071 shares of the pipeline company’s stock valued at $18,446,000 after acquiring an additional 21,267 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its stake in shares of Williams Companies by 37.5% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 493,347 shares of the pipeline company’s stock worth $22,521,000 after acquiring an additional 134,603 shares in the last quarter. 86.44% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Truist Financial boosted their target price on Williams Companies from $56.00 to $60.00 and gave the stock a “hold” rating in a research report on Friday, February 14th. Citigroup boosted their price objective on Williams Companies from $63.00 to $65.00 and gave the stock a “buy” rating in a report on Tuesday, February 25th. Mizuho raised their target price on shares of Williams Companies from $47.00 to $56.00 and gave the stock an “outperform” rating in a report on Monday, November 4th. Barclays lifted their target price on shares of Williams Companies from $46.00 to $56.00 and gave the stock an “equal weight” rating in a research report on Friday, January 10th. Finally, Scotiabank restated a “sector perform” rating and issued a $51.00 price target on shares of Williams Companies in a research report on Friday, January 10th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $54.21.

Williams Companies Trading Down 1.1 %

Williams Companies stock opened at $57.52 on Tuesday. The Williams Companies, Inc. has a 12 month low of $35.74 and a 12 month high of $61.46. The company has a quick ratio of 0.45, a current ratio of 0.50 and a debt-to-equity ratio of 1.67. The stock has a market cap of $70.14 billion, a P/E ratio of 31.43, a P/E/G ratio of 5.01 and a beta of 1.04. The company’s fifty day simple moving average is $56.60 and its 200-day simple moving average is $52.89.

Williams Companies (NYSE:WMB) last issued its earnings results on Wednesday, February 12th. The pipeline company reported $0.47 EPS for the quarter, meeting analysts’ consensus estimates of $0.47. Williams Companies had a return on equity of 15.85% and a net margin of 21.17%. As a group, sell-side analysts forecast that The Williams Companies, Inc. will post 2.08 EPS for the current fiscal year.

Williams Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $2.00 dividend on an annualized basis and a yield of 3.48%. This is an increase from Williams Companies’s previous quarterly dividend of $0.48. Williams Companies’s dividend payout ratio is currently 109.29%.

Insider Buying and Selling

In other Williams Companies news, SVP Chad A. Teply sold 26,000 shares of the business’s stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $56.46, for a total value of $1,467,960.00. Following the completion of the sale, the senior vice president now directly owns 133,048 shares of the company’s stock, valued at $7,511,890.08. The trade was a 16.35 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.44% of the stock is currently owned by corporate insiders.

Williams Companies Company Profile

The Williams Companies, Inc, together with its subsidiaries, operates as an energy infrastructure company primarily in the United States. It operates through Transmission & Gulf of Mexico, Northeast G&P, West, and Gas & NGL Marketing Services segments. The Transmission & Gulf of Mexico segment comprises natural gas pipelines; Transco, Northwest pipeline, MountainWest, and related natural gas storage facilities; and natural gas gathering and processing, and crude oil production handling and transportation assets in the Gulf Coast region.